22456 SYY Sep 38/Nov 39 call spreads went up 2 blocks on the AMEX

Calls roll in SYY- roll back to Sep

?unusual options trading activity alert

Shares of SYSCO Corp. (SYY) are up .81 to 37.74 today. ?SYY is near the upper end of the 52 week range.

  • Paper traded 22456 SYY Sep 38/Nov 39 call spreads for .05 credit. ??
  • The ADV is 3681 contracts. ?
  • The OI is 6776 and 24297 contracts.

The volume went up 2 blocks on the AMEX marked spread. ??Earnings are out today the trader had what looked like a long bet going on the Nov 39s which the closed on the rally pressed the strike to the Sep 38s looking for a more immediate pop in the stock.

  • IV 30 is trading for 20%.
  • HV10 is trading for 14%.
  • IV 30 is at the HV 10.

Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments.